Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.
The $4 billion-asset company said in a press release Monday that the strong showing was due to strong loan demand and attractive opportunities to deploy capital.
"We are excited to have met the diverse credit needs of thousands of California's businesses, entrepreneurs and homeowners during the second quarter," Jeff Seabold, the company's chief lending officer, said in the release. He added that the quarterly results put Banc of California "on pace to meet our ambitious lending goals for 2014."
Banc of California has more than 80 branches and plans to buy 20 California branches from Popular Inc. (BPOP).